Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover

Updated on
  • Companies that borrowed heavily during the boom pay price now
  • `Some will go broke,' CIBC strategist John Welch predicts

El-Erian: Brazil Is Stuck in a Vicious Cycle

Brazilian companies that piled on $270 billion in international debt during the boom years are seeing their funding costs rise after the nation’s credit rating was cut to junk.

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